Cloud News Review week of 7/16/2018

This week on Cloud News Review

TimeHop, a popular "throwback" picture application suffered a data breach impacting more than 20 million users. "The damage was limited because of our long-standing commitment to only use the data we absolutely need to provide our service," the company said in a statement on its website. According to Financial Review, "Timehop has contracted a cyber-security incident response firm to investigate the breach"

The Australian Signals Directorate (ASD) and the Australian Cyber Security Centre (ACSC) have revealed there are currently seven cloud providers undertaking certification that would allow them to provide cloud services to federal government entities. According to ZDNet, "Currently, there are 18 secure clouds, from 11 vendors, on the ASD's Certified Cloud Services List (CCSL)." Microsoft is one of the cloud vendors on the CCSL in a protected category.

The Financial Service Commission (FSC) has unvield a set of measures that would accelerate the use of cloud computing in the Korean financial sector. According to Korea JoongAng Daily, "As of the end of March, 38 financial firms were using cloud systems. But their usage was confined to internal administrative work, at 43.8 percent, and customer service, at 27.4 percent." With this new decision, the Korean financial market will be able to work with some of the biggest data storing systems like Google and Microsoft.